2017-08-01 TIRZ MinutesTAX INCREMENT REINVESTMENT ZONE NUMBER ONE
CITY OF SOUTHLAKE
BOARD OF DIRECTORS MEETING MINUTES
LOCATION: 1400 Main Street, Southlake, Texas, Council Chambers in Town Hall
MEMBERS PRESENT: Vice Chairman Shawn McCaskill, Members: Rebecca Barksdale, Laura Hill,
Chad Patton, Shahid Shafi, and Scott Wrehe.
MEMBERS ABSENT: Read Ballew, Mark McClendon, John Huffman, Scott Rule, Randy Williamson
and one vacant place.
STAFF PRESENT: Assistant City Manager & Director of Economic Development Alison Ortowski,
Deputy Director of Communication Pilar Schank, Chief Financial Officer Sharen Jackson, Senior
Director of Planning and Development Services Ken Baker, Director of Public Works Rob Cohen,
Human Resources Director Stacey Black, IT Director Greg Hendricks, Police Chief James Brandon,
and City Secretary Carol Borges
1. CALL TO ORDER
The meeting was called to order by Vice Chairman Shawn McCaskill at 5:16pm.
2. CONSIDERATION: APPROVAL OF THE MINUTES FROM THE DECEMBER 6, 2016 TAX
INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING.
APPROVED
A motion was made to approve the minutes from the December 6, 2016 Tax Increment Reinvestment
Zone Number One Board of Directors meeting.
Motion:
Patton
Second:
Shafi
Ayes:
Barksdale, Hill, McCaskill, Patton, Shafi, Wrehe
Approved:
6-0
3. DISCUSSION: PROPOSED FISCAL YEAR 2018 TAX INCREMENT REINVESTMENT ZONE
NUMBER ONE BUDGET OVERVIEW AND REVISED BUDGET FIGURES FOR FISCAL
YEAR 2017.
Chief Financial Officer Sharen Jackson presented Item 3 and answered questions from the Board.
No action required.
4. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE PROJECT
STATUS UPDATE.
Southlake Town Square representative Frank Bliss updated the Board on Town Square commercial
and residential projects. David Ayer with RPAI reported on tenant leases. No action required.
TIRZ MEETING MINUTES, AUGUST 1, 2017
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TAX INCREMENT REINVESTMENT ZONE NUMBER ONE
CITY OF SOUTHLAKE
BOARD OF DIRECTORS MEETING MINUTES
5. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE — FUTURE
PLANS.
Chief Financial Officer Sharen Jackson presented Item 5 and answered questions from the Board.
The Zone is set to expire in 2018. Staff is exploring options to extend the Zone, which would include
updating the project and financing plan. Upon extension, the City and Carroll ISD will be the only
participating entities. No action required.
6. ADJOURNMENT
The meeting was adjourned by Vice Chairman Shawn McCaskill at 5:29pm.
MINUTES APPROVED ON THIS, THE �—' 3 rDAY OF _ 20
Shawn McCaskill, Vice Chairman
ATTEST:��ti,, UT��r�y
Carol Ann Borges, TRMC
City Secretary 17
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TIRZ MEETING MINUTES, AUGUST 1, 2017
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